[quote user="Gautam Iyer"]Does TMS320C32 support Real-time debugging? I doubt![/quote]
It does not. Hence the target needs to be halted to read memory.
Animate will work if you have a breakpoint set. It will reach the breakpoint, update the variable value in the watch window and then resume execution. If there is no breakpoint, then ANIMATE will behave the same as RUN, you will not see the variable update in real-time.